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Jim Cramer's Real Money (Abridged): Sane Investing in an Insane World Audiobook
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(3.01) - 793 listener ratings
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Publisher Description
Even after repeated boom and bust cycles on Wall Street, it’s still possible to make real money in the stock market—provided investors take a disciplined approach to investing. Financial guru Jim Cramer shows how ordinary investors can prosper, no matter the climate on Wall Street.
How do we find hot stocks without getting burned? How do we fatten our portfolios and stay financially healthy? Former hedge-fund manager and longtime Wall Street commentator Jim Cramer explains how to invest wisely in chaotic times, and he does so in plain English in a style that is as much fun as investing is—or should be, when it’s done right.
For starters, Cramer recommends devoting a portion of your assets to speculation. Everyone wants to find the big winners that can bring outsized gains, and Cramer explains how to allocate your portfolio so that you can afford to take this kind of risk wisely. He explains why “buy and hold” is a losing philosophy: For Cramer, it’s “buy and homework.” If you can’t spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fund—and Cramer identifies the very few mutual funds that he’d recommend.
Cramer reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters). He explains why he’s not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor). He discloses his Twenty-Five Rules of Investing (Rule #4: Look for broken stocks, not broken companies).
Cramer shows how to compare stock prices in a way that you can understand, how to spot market tops and bottoms, how to know when to sell, how to rotate among cyclical stocks to catch the big moves, and much more. Jim Cramer’s Real Money is filled with insider advice that really works, information that Cramer himself used to make millions during his fourteen-year career on Wall Street.
Written in Cramer’s distinctive turbocharged style, this is every investor’s guide to what you really must know to make big money in the stock market.
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"Excellent book with a lot of valuable advice and delivered with Cramer's classic wit. I think his best comments were in regards to spotting tops and bottoms. I didn't find his valuation advice to be quite as helpful (though certainly a good primer for beginners). I do wish he went a little more in depth with some of the valuation techniques, but this probably wasn't the place for that sort of stuff. It was a truly entertaining read (his real life stories are great illustrations of his points and hilarious), and I would strongly recommend it to anyone interesting in getting into equities."
— Forager (4 out of 5 stars)
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“Unlike his previous book, this one divulges many of Cramer’s trading secrets, outlining an investing methodology that has made him millions. The first and perhaps most important step, he advises, is for investors to do their homework…Recommended for larger public libraries and investment collections.”
— Library Journal
Jim Cramer's Real Money Listener Reviews
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" Provides a rationale method for investing besides buy and hold "
— Brian, 1/22/2014 -
" I enjoyed reading about smart investing. However, I would only recommend this to a young, wealthy person with tons of time on their hands who would like to spend 30 hours a week to research companies so that they can GAMBLE in the stock market. I doubt this book would do much for anyone without 20 years of experience behind them in active investing. But I got smarter about stuff by reading it. It has some secrets in it! "
— Kathy, 1/9/2014 -
" Good overview of how to pick stocks but requires 1 hour a week per stock to do it properly... too much time! "
— Mike, 1/1/2014 -
" This is a great book for anyone looking to understand the stock market and your 401K situation at work. I wouldn't buy everything Cramer says in this book, but I learned a lot of ideas I can use for my own life. "
— Chad, 12/25/2013 -
" Fairly silly and way too confident in tone... it says it's about "investing" but a lot of the book seems to focus on trading. "
— Andrew, 12/20/2013 -
" Great book, good starting point for learning about the stock market. "
— Brian, 12/19/2013 -
" Explains the stock market in a way that I understand. Motivated me to look more into this area of investing. "
— James, 12/13/2013 -
" Cramer is more interesting in person - you don't get that sense of thinly-veiled simmering insanity via text. "
— Jonny99, 11/28/2013 -
" I recently set up a Roth and have no idea what to do with the money and so have checked out tons of financial books. After reading this I have decided I am not ready for stocks but will maybe look into an index fund. I you already trade stocks this might be a good book for you. "
— Rachel, 11/18/2013 -
" Good, informative book. Haven't had a chance to try it out yet. "
— Ryan, 10/16/2013 -
" A quality book if you want to invest the time in managing your own money instead of giving it to a mutual fund. He's a good motivator too and crazy. "
— Brean, 9/27/2013 -
" Jim Cramer is a top notch entertainer and writes a great book for beginning investors. His explanations are geared to the novice, yet provide sound advice for more experienced investors. He is fun to read. "
— Ellen, 7/29/2013 -
" How to manage your money, instead of handing it over to a broker or someone else who will never care for your mula the way you would. "
— Pena, 6/24/2013 -
" Very useful explanation of basic investing tools and principals. "
— Martin, 6/1/2013 -
" Learned a bunch...but the last chapter seemed really important (options) but was a bit rushed and sort of added as an after-thought. I guess I can always read an options book down the road... Looking forward to reading a bit more (Jesse Livermore) and getting in the middle of it all!! "
— Tiz, 9/10/2012 -
" Fav. Quote, "Nobody cares about your money like you do." "
— Taylor, 4/10/2012 -
" he's crazy "
— Jessica, 3/26/2012 -
" Good information - Cramer rocks! "
— dnrp, 2/4/2012 -
" One of the first investment books I have read. It gives readers a clear and simple way to be their own personal brokers. It was a very good book to read and start a "base" of stock market and financial advice. "
— Brandon, 11/21/2011 -
" I liked learning the fundamentals, but I could have used less self-promotion. "
— Dave, 9/2/2011 -
" A great beginners book to understanding the market, without a focus on all the technical analysis that bogs so many people down. "
— Jill, 5/8/2011 -
" This book was difficult to follow because it is very technical. The writing is somewhat sensationalistic. However, the main ideas are helpful. "
— Ashley, 2/10/2011 -
" JIm Cramer is an entertainer, his books are financial comic books, read but try not to think about it! "
— Sharika, 1/27/2011 -
" time and time again i am lured into financial books. A weird urge to learn stuff. "
— Nathan, 1/24/2011 -
" This book was difficult to follow because it is very technical. The writing is somewhat sensationalistic. However, the main ideas are helpful. "
— Ashley, 1/3/2011 -
" JIm Cramer is an entertainer, his books are financial comic books, read but try not to think about it! "
— Sharika, 10/3/2010 -
" Learned a bunch...but the last chapter seemed really important (options) but was a bit rushed and sort of added as an after-thought. I guess I can always read an options book down the road... Looking forward to reading a bit more (Jesse Livermore) and getting in the middle of it all!! "
— Tiz, 7/8/2010 -
" 3 words: Waste of Time. <br/> <br/>Jim Cramer writes the way he talks, using a big long rant about any subject. There are no chapters, no logical order to the presentation of topics. <br/> <br/>Try it and you'll regret it. "
— Shawn, 1/17/2010 -
" Explains the stock market in a way that I understand. Motivated me to look more into this area of investing. "
— James, 1/7/2010 -
" Cramer is more interesting in person - you don't get that sense of thinly-veiled simmering insanity via text. "
— Jonny99, 12/10/2009 -
" Great book for anyone who would like to know more about trading stocks and options. "
— Reed, 10/24/2009 -
" Yes, Jim Cramer is an egotistical, obnoxious blowhard, but that doesn't mean he's an idiot. He knows his business, and if you can get around his clown-like antics, you may learn a thing or two about investing. "
— Thor, 9/6/2009 -
" Good, informative book. Haven't had a chance to try it out yet. "
— Ryan, 6/18/2009 -
" The man is crazy but his book is an easy to read introduction to the stock market and to investing. A lot of people have made a lot of money by following the simple common sense advice in this book. I'm one of them. "
— David, 5/11/2009 -
" Fairly silly and way too confident in tone... it says it's about "investing" but a lot of the book seems to focus on trading. "
— Andrew, 1/31/2009
About James J. Cramer
James J. Cramer is the host of CNBC’s Mad Money with Jim Cramer and co-host of Squawk on The Street. He serves on TheStreet, Inc. board of directors, is a columnist and contributor for TheStreet’s RealMoney and ActionAlerts PLUS, and participates in various video segments for TheStreet TV.